ABU DHABI // In a relatively new city high-rise, a basement electrical control room doubles as a storeroom and home to an Indian man.
Four gas ovens obstruct the path into the converted room, while a pair of chandeliers are propped up against the side of a large grey control panel. It is, an inspector said, the perfect example of what Abu Dhabi Municipality faces in its campaign against building law violations.
He had just roused the Indian resident, a 40-year-old watchman who was sleeping before his shift began at a central Abu Dhabi building.
There is no ventilation and the potential for electrical fire is too great to allow anyone to live there. This week, the building's owners were warned that the basement must not be used for accommodation.
For more than a week, municipal officials have joined representatives of the police, the Ministry of Labour, the Department of Civil Defence and other agencies on a tour of inspection across the island.
They have scoured neighbourhoods, looking for indications that dwellings have been altered or additions made without permission. While each department conducts year-round inspections, this campaign has brought all of the relevant authorities together.
The campaign to rid the capital of illegally altered dwellings started this month and was extended by a couple of days. There are plans to cover mainland areas of Abu Dhabi later.
During the campaign, each inspector was allocated an area to cover, armed with a map detailing each plot in that sector. When they detected a violation, they issued a warning to the owner of the building.
Owners who were warned were given two days to come to the municipality to request more time to remove additions, or to start the process to have them approved.
On Monday, the last day of the co-ordinated campaign, The National accompanied inspectors on their final searches of two neighbourhoods. Walking through the quiet streets in Al Muroor, most people would not notice anything suspect about the rows of villas. But the inspectors point out plywood additions on the roofs and along the sides of at least three villas on one street alone.
"These are clearly illegal as no one would have approved this addition," said Juma al Hajeri, the municipality's co-ordinator for the campaign.
Standing on the side of the road, Ahmed al Dhalei, an inspector with the Zafarana municipal office, perused a map of the area and consulted with the other inspectors.
"In this area we found many partitions and people who make additional rooms without approval," he said.
"Somebody even made a bathroom outside and rooms in the garden. After approval it is no problem, but we want everybody to be safe."
The inspectors are not responsible for evictions. Only the municipal court can order people out of the villas so unapproved modifications can be dismantled.
Some tenants have been victims of building-law violators after their shared accommodations were deemed illegal.
Mr al Hajeri said prospective tenants could ask municipal offices whether a building has been approved.
The convoy of municipality vehicles moved on to the bustling Tourist Club area, where people are packed tightly into high-rise apartment buildings.
Bassam Meshal, another municipality inspector, gestured towards the roof of one building, a makeshift dwelling perched precariously on top. "This is a violation," he said. "We have had cases where extra rooms are built on top and balconies that are closed to make an extra room."
Mohammed al Harthi, a Civil Defence inspector, went to check on a decrepit building nearby, where only a few families remained. "This building cannot be maintained. There are too many problems," Mr al Harthi said, pointing towards a broken fire alarm as an example.
"If you are an owner of a building you should be like the captain of a ship and look after your people."
zconstantine@thenational.ae
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Company%20Profile
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
North Pole stats
Distance covered: 160km
Temperature: -40°C
Weight of equipment: 45kg
Altitude (metres above sea level): 0
Terrain: Ice rock
South Pole stats
Distance covered: 130km
Temperature: -50°C
Weight of equipment: 50kg
Altitude (metres above sea level): 3,300
Terrain: Flat ice
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
Company profile
Company name: Dharma
Date started: 2018
Founders: Charaf El Mansouri, Nisma Benani, Leah Howe
Based: Abu Dhabi
Sector: TravelTech
Funding stage: Pre-series A
Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
A%20QUIET%20PLACE
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From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
The specs
Engine: 2.0-litre turbo 4-cyl
Transmission: eight-speed auto
Power: 190bhp
Torque: 300Nm
Price: Dh169,900
On sale: now
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
Women%E2%80%99s%20T20%20World%20Cup%20Qualifier
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Profile
Company: Justmop.com
Date started: December 2015
Founders: Kerem Kuyucu and Cagatay Ozcan
Sector: Technology and home services
Based: Jumeirah Lake Towers, Dubai
Size: 55 employees and 100,000 cleaning requests a month
Funding: The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups.
The bio
Date of Birth: April 25, 1993
Place of Birth: Dubai, UAE
Marital Status: Single
School: Al Sufouh in Jumeirah, Dubai
University: Emirates Airline National Cadet Programme and Hamdan University
Job Title: Pilot, First Officer
Number of hours flying in a Boeing 777: 1,200
Number of flights: Approximately 300
Hobbies: Exercising
Nicest destination: Milan, New Zealand, Seattle for shopping
Least nice destination: Kabul, but someone has to do it. It’s not scary but at least you can tick the box that you’ve been
Favourite place to visit: Dubai, there’s no place like home
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
COMPANY%20PROFILE
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